Ujjivan Small Finance Bank Limited
Kotak Mutual Fund increased its stake in Ujjivan Small Finance Bank from 1.10% to 2.18%, acquiring an additional 21,067,220 shares. The value of the additional shares is ₹125.56 Cr at ₹59.63 apiece.
A mass market-focused small finance bank in India that provides banking and financial services to economically active populations excluded from traditional banking channels. Originally established as a Non-Banking Financial Company in 2005, it transitioned to a small finance bank to expand its reach. The bank is committed to building financial inclusion by serving financially underserved and unserved segments across the country.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.